Bitcoin is inching closer to the $100,000 level, but its momentum is slowing. He set a new record of $99,500 on Thursday, dropping below $99,000 heading into the U.S. Open. BTC is up 1% in the past 24 hours, while the broader market CoinDesk 20 index is up over 7%. Most alternative cryptocurrencies (altcoins) in CD20 outperformed BTC, an early sign of capital rotation into smaller, riskier tokens as Bitcoin's pace stalls. The $100,000 price range is a major resistance level where investors can potentially profit from their investments. Still, BTC could rise to $115,000 by Christmas, supported by stablecoin supply expansion, ETF inflows, and bullish option positions on BlackRock's Spot BTC ETF (IBIT), 10x. Research said in a note Friday.
